Abbey Road Graduate CloudBounce Closes $250K Seed Round
Abbey Road Red Incubator graduate CloudBounce, an instant digital audio mastering service, has raised a $250,000 seed round. Investors in this round include UK-based VC Ascension Ventures, and a group of Finnish business angels.
CloudBounce offers instant feedback on an audio track using AI. The (artificially) intelligent machine, unlike Shazam or Echo, makes processing decisions based on context and to deliver the most relevant mastering. For example, mastering Pucci’s Tosca would require very different enhancing to Black Sabbath’s War Pigs).
Kieran Hill, COO at Ascension Ventures commented: “I was hugely impressed by CloudBounce’s vision from the moment I met the team during the Abbey Road incubator programme. Their audio processing engine is more than just a music mastering service, it has the potential to be the go-to-technology for any audio enhancement purpose. Along with this, the company has been smart with the partners it has chosen to launch the service, which includes another Ascension portfolio business, Rotor. In the Music tech space, there are multiple startups offering complementary services throughout the music supply chain, many with different audiences and users. By partnering and leveraging each other’s user bases, they can witness strong growth very quickly.”